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2018-04-09 09:14:48

VST

Vistra Energy

$19.68

(0.00%)

, DYN

Acquired by VST

$12.81

(0.00%)

09:14

04/09/18

04/09

09:14

04/09/18

09:14

Vistra Energy completes merger with Dynegy

Vistra Energy Corp. (VST), the parent company for TXU Energy and Luminant, announced it has completed its previously announced merger with Dynegy (DYN). The closing of the transaction follows the overwhelming approval from stockholders of both Vistra Energy Corp. and Dynegy Inc. in March, and the receipt of all required regulatory approvals. Vistra Energy Corp. will be the name of the combined company moving forward, and the combined company's stock will continue to trade on the New York Stock Exchange under the current ticker symbol for Vistra Energy. In accordance with the terms of the merger, Dynegy stockholders are entitled to receive 0.652 shares of Vistra Energy common stock for each share of Dynegy common stock that they owned, resulting in former Vistra Energy stockholders and former Dynegy stockholders owning approximately 79 percent and 21 percent, respectively, of the combined company. Vistra Energy also announced that three of Dynegy's directors, Hilary E. Ackermann, Paul M. Barbas, and John R. Sult, have been appointed to the Vistra Energy Board of Directors, effective immediately. These appointments bring the total number of directors of the combined company's board to 11.

UBS analyst Daniel Ford started Vistra Energy (VST) with a Neutral rating and $21 price target. The analyst views the shares as fairly valued without the Dynegy (DYN) deal and prefers shares of NRG Energy (NRG).

03/06/18

UBSW

03/06/18UPGRADETarget $27UBSWBuy

Vistra Energy upgraded to Buy from Neutral at UBS

UBS analyst Daniel Ford upgraded Vistra Energy (VST) to Buy and raised his price target for the shares to $27 from $21 and after incorporating the Dynegy (DYN) merger into his model. Management indicated that forecast synergies and operational improvements could be increased, which provides more confidence in achievement of the base forecast of $350M, Ford tells investors in a research note.

03/28/18

MACQ

03/28/18INITIATIONTarget $24MACQOutperform

Vistra Energy initiated with an Outperform at Macquarie

Macquarie started Vistra Energy with an Outperform rating and $24 price target.

DYNAcquired by VST

$12.81

(0.00%)

10/31/17

DBAB

10/31/17UPGRADETarget $12.5DBABHold

Dynegy upgraded to Hold from Sell at Deutsche Bank

Deutsche Bank analyst Abe Azar upgraded Dynegy (DYN) to Hold and raised his price target for the shares to $12.50 from $7 following the company's merger agreement with Vistra Energy (VST). The analyst reiterates a Buy rating on Vistra and lowered his price target for the stock to $21 from $22.

10/31/17

RBCM

10/31/17NO CHANGETarget $12.1RBCMSector Perform

Dynegy price target raised to $12.10 from $8 at RBC Capital

RBC Capital analyst Shelby Tucker raised the price target on Dynergy (DYN) after the announcement of a merger agreement with Vistra (VST). Tucker says the deal is constructive for shareholders in terms of the company's debt reduction ability, adding that there should not be any regulatory impediments to closing the deal next year.